Economies of Scale and Diseconomies of Scale Explain

question 231

Multiple Choice

Economies of scale and diseconomies of scale explain

• A) cost behavior in the short run.
• B) profit maximization in the long run.
• C) the U-shape of the long-run average cost curve.
• D) the U-shape of the short-run average total cost curve.
• E) the U-shape of the marginal cost curves.

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